Fitch Publishes Updated Credit Analysis on Ford Motor Company
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings published today a full ratings report on Ford Motor Company (Ford) available at 'www.fitchratings.com.'
Fitch rates Ford's Issuer Default Rating 'BB' with a Positive Outlook. The ratings reflect Ford's improved product portfolio, strong financial performance and substantial debt reduction over the past two years. These considerations are balanced against ongoing weakness in the European auto market, aggressive industry competition, global manufacturing overcapacity, rising oil prices and expiring U.S. labor contracts.
The report provides a full analysis of Ford's financial and credit profile, Fitch's considerations for a possible ratings upgrade - including eventually achieving investment grade status - and outlook. The report also includes analysis on the company's operating profile and a summary of the company's debt structure.
Additional information is available at 'www.fitchratings.com'.
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CONTACT:
Fitch, Inc.
Stephen Brown, +1-312-368-3179
Senior Director
70 W. Madison Street
Chicago, IL 60602
or
Media Relations
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS: Professional Services Finance
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